Monday, July 20, 2009

Here's the lead from this piece written by Eamon Javers at Politico.com today . . .

"A series of bailouts, bank rescues, and other economic lifelines could end up costing the federal government as much as $23 trillion, the U.S. government's watchdog over the effort says - a staggering amount that is nearly double the nation's entire economic output for a year."

Javers continues and gives us a little perspective on just how much money $23 trillion . . . It is "more than the total cost of all the wars the United States has ever fought, put together." It much more than the cost of the moon landings and, get this, more than the entire cost of the New Deal. In fact, if you took the cost of all those wars, every trip to the moon, AND the New Deal, AND quadrupled it, you would only get to about $20 trillion.

The amount of money being spent in Washington these days is so far off the charts it can't be fathomed. And, guess what, that money's got to come from somewhere . . . you and me, the printing presses, and/or our children, grandchildren, and their grandchildren.